Here I drawn some trend lines of support and resistance; they form a bullish triangle, so I will go long on ILMN.
The target price is around the resistance line, but it can continue to reach the maximum price ever. I will close the long position if the support line will be crossed down.
I like the Weekly setup on this NASDAQ stock, the full breakout target if reached would be near the Yearly R1 (DeMark) Pivot @ ~490
The bullish channel might however first see price hit resistance around 450, with a retest of the lower boundary and breakout level @ ~400
Looking to Illumina price now that earnings are knocking at the door, as you can see we are in a kind of Rangin Zones for ILMN price, anyway his Fundamental for a long term stil realy valuable in my opinion, We traced some of the most importants keys levels as support and resistence adding just the last trendline we are looking for a breakout or a confirm as a...
I am going to see if this can get past the $371.64 area and if it does, I will be picking up some common shares.
ILMN wants to be back in ARK's good graces and once it makes the necessary changes for ARK, we could see a rapid jump as ARK repositions with large buys.
ILMN fell from a long term rising narrowing wedge that was obviously bearish..
Looks to have found a bottom..
ABCD patterns are actually a measured move down and is usually a correction pattern within a larger pattern..
R overhead as there is with any security that has pulled back this far...
The long term trend is up..takes a lot of energy to change a...
good entry for long here :) target recent highs but imo this is ready to head to 500 and even higher. long and strong , you want to buy shares and never sell ! or grab some calls . use bottom trendline as a stop loss. gl :)
